An economic analysis of scrappage
Article Abstract:
A study was conducted on the benefits and costs of vehicle scrappage programs. Los Angeles, CA,was chosen as the target area due to its severe pollution problems and the possibility that scrappage could help achieve cost-effective emission reductions. Results showed that on the basis of willingness to pay, bounties exceeding $1,000 are unlikely to provide net economic benefits. The lifetime of emission credits from aging vehicles was found to be pivotal in computing for total cost-effectiveness of a scrappage program. Finally, inspection and maintenance programs were found to significantly affect scrappage program cost effectiveness and net benefits.
Publication Name: RAND Journal of Economics
Subject: Economics
ISSN: 0741-6261
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
The CEA: an inside voice for mainstream economics
Article Abstract:
The Council of Economic Advisers (CEA) has emerged as an effective voice in the process of economic decision-making at the executive level. Its advice reflects the analytical perspective and opinions of the mainstream of the economics profession. The consensus of advice is considerable for a wide range of macro-stabilization issues but is greater for microeconomic policy. The professionalism of the CEA displays significant commonality of advice devoid of political bias and utopian rhetoric. Structural obstacles before the council require reconciling performance with high academic standards.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Government analysis of the benefits and costs of regulation
Article Abstract:
The use of economic analysis in regulatory decision-making is becoming increasingly common. This is reflected in the fact that the Office of Management and Budget (OMB) produced a report in Sep 1997 on the benefits and costs of regulation. The OMB report serves to give legitimacy to the view that policymakers should, if possible, quantify and compare benefits and costs prior to reaching significant regulatory decisions. The report also highlights the limitations of economists' knowledge in many areas, such as the benefits and costs of antitrust, banking and security regulation.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: An economic analysis of matrix structure, using multinational corporations as an illustration. The structuring of interfirm exchanges in business know-how: evidence from international collaborative ventures
- Abstracts: Applying academic research on monetary policy rules: an exercise in translational economics. Interest rate control in a model of monetary policy
- Abstracts: Noisy communication and the evolution of cooperation. Are two a good representative for many? Privatization and employment: a study of the jute industry in Bangladesh
- Abstracts: The Macroeconomic Implications of Current Fiscal Policy. Labour Market Adjustment: Evidence on Interstate Labour Mobility
- Abstracts: The new institutionalisms: avenues of collaboration. The new institutional analysis of politics